Meredith Whitney On Muni Doom: "I Know I'm Right On This"

Her general message: She's not real concerned by the fact that
munis haven't defaulted en masse, and she's not concerned that
munis have been on a big rally, because the economics of munis
are still getting even worse.

"On a timing perspective, if the market moves against me for a
month or two months... I know I'm right."

We'll add more details as warranted.

Update: Some unintentional hilarity. When asked
whether states have reached out to her, she says "Governors agree
with me, it's the bond market that doesn't"